__________ is a condition in which the average level of prices is actually falling.
A)Deflation
B)Disinflation
C)Stagflation
D)Unflation

Question

Quizplus · Accepted Answer

Deflation is the condition in which the average level of prices is actually falling, leading to an increase in the purchasing power of money. Disinflation refers to a decrease in the rate of inflation, while stagflation refers to a situation in which there is a combination of high inflation and stagnant economic growth. Unflation is not a commonly used term in economics.

__________ Is a Condition in Which the Average Level of Prices